Evan Stalcup
To LLC or Not as a RE Agent
Hello BP community,I am curious to know how many real estate agents form an LLC to receive their commission check from their broker when closing deals? What are the benefits/disadvantages of owning an LLC compared to...
Philip Pape
How to handle expenses to buy property before LLC created
I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.However, I'm buying the property under a new 50...
P. Kaye M.
Will I qualify for a 1031 exchange?
I have a SFR that I had rented from 2017-2020. It was rented for 3 1/2 years so I missed the opportunity to sell as my primary home. I haven’t had any rental income from it since 2021. I bought it sole owner in 2005 a...
Michael Baradell
Advice on creating partnership.
What's up BP!! I am in the beginning stages of setting up a real estate investing company. It will consists of 3 equal partners and our model starting out will be to flip 4 properties this upcoming year and once we...
Account Closed
8 unit analysis
FSBO - Two 4 unit buildings on same property 8 units total. Seller financing - will hold back a second. All units rented with long term tenants - all units in good shape. Gross Income $4675/mo. - property is in Bel...
Tyler Ferguson
House hacker book keeping advice
Hello!I am in my First house hack in Austin Texas. I have two 12 month room leases and a mid term rental in an ADU. I get MTR leads from Airbnb and do bookings through the airbnb platform.I use apartments.com to man...
Jacob Barnhart
Options with a 6/2 home? rent-by-the-room, frats, sororities?
There's a home in my town with 6 bedrooms for sale ($100,000 asking price). I never see homes with more than 3 bedrooms up for rent here so I have no idea what the demand would be for this home. Very large families ma...
Morgan Reinart
Financing & Zoning Issues
We've made an offer on a 2/1 home in Oklahoma City, and the seller has accepted our offer of $190,000. The house also has a detached garage with a 600 sq ft 1 bedroom apartment and a 300 sq ft studio apartment. I'm tr...
Mike Xiao
Buyers Commission on larger $10M deal
Hi,Not sure if this is the right place to ask, but figure I'd give it a shot. I have a client looking to potentially buy a $10M multi family apartment building.I asked the seller agent what the buyer's commission is,...
Christopher Hand
What entity is best for Buy&Hold with siblings as partners
My two brothers and I will be inheriting close to 1m and and with them being younger (27 and 22) they want to invest this money since they don't have many uses for such a large sum of money now. We are looking at inv...